The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Oli & Theo put £1m of their own money in here. I've added
Looking forward to hearing more positive news next week and what the strategy is going forward with new COO installed
https://register.gotowebinar.com/register/5672175297380494606
This guy is brand-new to me, does the sp usually take a dive when he joins?
I watched the presentation today. Oli seemed to answer the question about operational gearing by talking about financial gearing but apart from that I liked what I heard. 20% EBITDA margin would be transformative (currently ~7%). I think the acquisition looks good, they haven't overpaid and have already achieved synergies by sharing office space. Cross-selling presents real opportunity
Brave Bison welcomes Buster Dover as new COO
www.bizcommunity.com/Person/196/12/11681
Brave Bison has appointed Buster Dover as the group's COO. Dover, who was previously the MD of Zinc Network and MullenLowe, has worked in the creative industry since the late 1990s. His career has spanned advertising, digital media and social change agencies, from small independents to large networking groups.
Hannah Kimuyu was also promoted to managing director of Greenlight Digital. Formerly director of paid media, data and analytics, Kimuyu will be responsible for performance channels including paid media and SEO as part of the new offering, using her knowledge of the Greenlight business and digital space to unlock new opportunities for current and future clients. Her appointment also heralds a new, more integrated way of working with existing clients. For the first time in the company's history, paid and earned media will be overseen by the same executives.
Watched today's presentation. Didn't understand a lot of it but recent acquisition looks promising
F1nesse, agree with your 9:21 post but, so why rise into close? Can't figure, unless the acquisition is REALLY company-making, which no-one has claimed.
I could not agree with you more! Why not use Primary Bid? In future many of the lths will vote against the BOD unless you take us with you. We can turn so easily!
Well. I have cashed out at 1.76. I am pleasantly surprised it has been so strong but I think it may run back a bit. Will buy in again later unless i am wrong. GLA DYOR.
I must admit I looked at this earlier in the year and watched a presentation which actually put me off a bit (bit too hooray Henry ). Always a bit suspicious about these trusts set up for directors who now hold 22%. Not a bad thing but why can't they buy their own shares, is it all about tax avoidance? Pretty good deal on tax anyway at the moment. I like the business, the acquisition looks good and the market seems pleased . As you say bit of an insider which makes me wonder why they are on the stock market at all. Not going to chase this because in about 99% of recent placings the sp eventually settles at the placing price particularly with penny stocks. Could this be a rare exception? Gl to holders
No wonder this placing is well supported: "The Placing Price represents a discount of 13.8% to the 3-month volume weighted average price of 1.57 pence per Ordinary Share on 12 August 2021. The Placing Shares and Consideration Shares will represent approximately 43.0% of the Company's enlarged issued ordinary share capital on Admission. "
IMO 3 months is a long way back to get to the weighted average price. It's been firmly established above that since the improving results became apparent. And the 13.8% discount is hefty as well. So the 1.35p placing price is a giveway. That would be all very well if existing shareholders were invited along. But they have not been. In practice therefore existing shareholders are flat out subsidising the new shares and by quite an amount. Many of the placees will be in the position to take an immediate profit and may do so. If it drifts down towards 1.35p from its recent peaks of 1.70/1.80 this transfer of value will be all too apparent.
Acquisition of Greenlight
Proposed Placing of Ordinary Shares
and
Notice of General Meeting
Brave Bison Group plc (AIM: BBSN), the social media and marketing group, is pleased to announce that it has entered into a conditional agreement to acquire the entire issued share capital of Greenlight Digital Limited and Greenlight Commerce Limited (together, "Greenlight") for an aggregate consideration of c.£6.8 million (the "Acquisition").
Greenlight is a digital advertising and technology company with more than 120 employees in the UK and across Eastern Europe. Greenlight works with blue-chip brands and omni-channel retailers on digital advertising and eCommerce technology systems. Current Greenlight clients include Dixons Carphone, Muller, GAP, Furniture Village and New Balance.
Brave Bison also announces that, in order to finance the Acquisition, the Company has conditionally raised gross proceeds of c.£6.2 million by way of a placing of 455,555,560 new ordinary shares of 0.1 penny each in the Company ("Ordinary Shares") at a price of 1.35 pence per Ordinary Share (the "Placing Price") with new and existing institutional and other investors (the "Placing"). The Placing is conditional on, inter alia, shareholder approval of certain resolutions to be proposed at a general meeting of the Company.
The Vendors of Greenlight will receive a total net consideration comprising an aggregate of £6.75 million in cash and 6,601,000 new Ordinary Shares at the Placing Price (the "Consideration Shares").
Transaction Highlights:
· Transformational acquisition that is expected to be significantly earnings accretive in the current year and beyond. In FY20, Greenlight generated revenue of c.£14.3 million and Adjusted EBITDA of c.£0.8 million, more than doubling the Group's revenues on a pro-forma basis.
· Strategic leap for Brave Bison through the acquisition of in-demand and high-growth digital-first capabilities, such as Paid & Organic Media and eCommerce Technology. The combination with Greenlight brings new talent, new services and new opportunities to the Group, including further expansion into APAC using Brave Bison's existing operations in Singapore as a beachhead.
Seems to be a great story. Started to buy this morning on the back of the strong RNS. Outlook is bullish and underlying advertising channels are the right ones! YouTube Tiktok Facebook etc is a no brainer for advertisement. BUY
Indeed, I had skimmed it before the bell. Looks good, but we don't seem to be on everyone's radar (Yet?).
Looking good and likely to get better going forward. My dabble turned into a hold but it may be worth it in the end. Bounceback with elasticity to come :0)
Check out today's RNS for their latest positive news etc.
Cash balance as at 30 June 2020 of £2.1 million. Cash balance as at 30 June 2021 of £2.9 million.
They are up NET £800,000 in 1 year, current cash balance = 30% of the SP.
I meant a full year profit. Anyway going in the right direction!
Don't you mean already in profit?
Positive cashflow of £0.6 million in H2 2020.
Net cash balance of £2.7 million at 31 December 2020.
Net cash increased by £0.2m to £2.9m at 30 June 2021.
Moving towards profit?
SP has risen significantly. We should just keep quiet. - - Whoops!
This morning's update suggests I'm not wrong here (the start of the year being the quietest period). I've added 25% to my holding, slightly above my average entry.
The £9m done in 2020 H2 was done under covid conditions, hence why I think the Cenkos forecast is massively undercooked.
Buys recorded in red.
f15j, there is a pandemic on. While demand for product may improve in lockdown; everything else is just more difficult.